Why did the stock market have a record drop following Obama's election?

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http://www.bloomberg.com/apps/news?pid=20601087&sid=aj_ayFUP0riQ&refer=worldwide
http://in.reuters.com/article/usMktRpt/idINN0531971420081105
FACT
 
It has nothing to do with Obama..lol. The bloody stock market has been up and down for the past 12 mths at least. It mainly dived due to the fears of the global credit crunch and America is losing its credibility world-wide due to its failure to do something about it.
 
It wasn't a record drop and it wasn't about the election. More bad news was reported: services sector continues to under perform AND more big layoffs.


Time for the Neocons to GROW UP.
 
Because it was low.
And then Obama won the election.
Then there was the euphoria.
Then the stock market surged.
Then the euphoria wore off.
Then the stock market plummeted down back and below what it was originally because of the pessimism that was there already, and the bleak outlook on the economic crisis.
 
because despite stocks being up at the begininng of trade on news of his election there is still a huge economic crisis going on and neither of the candidates winning would have made it go away overnight
 
It was five times bigger than that of any other elected president. And they have been keeping stats. since the 1800s. It is because the market knows that Obama will be bad for the business world and the economy. Everyone is blaming Bush for our housing problems. However, the Democratic congress is more than 50 percent to blame by encouraging people to get homes that could not afford them. Things will be dismal under a Socialist president and a liberal goofball congress. The pain has just begun.
 
Because we're in a middle of a crisis for many weeks!
This did not happen out of the blue when Obama was elected...
 
It didn't . Why post a lie? Why try and attribute the failed policies of the last 8 years onto Obama?
 
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